EURUSD / US Dollar Slips as Markets Brace for Powell’s Speech
US Dollar Declines Early Friday as Markets Await Powell’s Speech
Next Outlook:
The market is currently navigating a crucial zone between 1.10820 and 1.11400. A break above or below this range will likely determine the next directional move. If the price stabilizes above 1.11410, it could signal a potential rally towards 1.12560. Conversely, if the price remains below 1.10820, we may see a decline towards 1.09150.
Jerome Powell's upcoming speech is highly anticipated, as any mention of a rate cut could significantly impact market direction.
Key Levels:
- Pivot Line: 1.1100
- Resistance Levels: 1.11950, 1.12560, 1.1350
- Support Levels: 1.1080, 1.09960, 1.09150
The expected trading range for today is between 1.0900 and 1.12560.
Next Outlook:
The market is currently navigating a crucial zone between 1.10820 and 1.11400. A break above or below this range will likely determine the next directional move. If the price stabilizes above 1.11410, it could signal a potential rally towards 1.12560. Conversely, if the price remains below 1.10820, we may see a decline towards 1.09150.
Jerome Powell's upcoming speech is highly anticipated, as any mention of a rate cut could significantly impact market direction.
Key Levels:
- Pivot Line: 1.1100
- Resistance Levels: 1.11950, 1.12560, 1.1350
- Support Levels: 1.1080, 1.09960, 1.09150
The expected trading range for today is between 1.0900 and 1.12560.
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